Russian steelmaker Severstal has announced that its Izhora Pipe Mill (IPM) manufactured and sold over 165,000 mt of large diameter steel pipes in the first half of 2013 to be used in major oil and gas projects in Russia and internationally. This represents a two percent sales increase as compared to the same period of 2012.
Izhora Pipe Mill CEO Nikolai Skorokhvatov stated that major projects by Gazprom and Transneft in the first half contributed to growing demand for large diameter pipes and enabled the company to operate at full capacity.
IPM's contracts with Transneft in 2013 include supplies for the Arctic Circle-Purpe pipeline as well as pipes for repair projects and other Transneft operational requirements. During the first six months of the current year, IPM products were also delivered to Gazprom for the Southern Corridor gas pipeline and for the construction of the Bovanenkovo-Ukhta major gas pipeline intended for gas delivery from the Yamal region, as well as products for Gazprom's general repairs and maintenance.